Who will Emerge as the World's Next Great Industrial Nation?

[HARK!]

China's housing bubble is already beginning to burst. Should this happen (and it would seem inevitable) ;this commentator explains how this will cause a chain reaction that will cripple China as a industrial nation. Who will fill the void? How will this impact the world economy, and for how long? It seems that there is trouble ahead, but also great opportunity. Will Walmart survive this transition?

 

[friend of]

Xi is a megalomaniac

 

[SavedByGrace3]

I would say India. If they can get their social and internal problems in order.

 

[disciple Clint]

China's housing bubble is already beginning to burst. Should this happen (and it would seem inevitable) ;this commentator explains how this will cause a chain reaction that will cripple China as a industrial nation. Who will fill the void? How will this impact the world economy, and for how long? It seems that there is trouble ahead, but also great opportunity. Will Walmart survive this transition?

The fact is that the USA cannot afford to have China crash.. where do we get our medications, our WalMart inventory, and countless other things?

 

[HARK!]

The fact is that the USA cannot afford to have China crash.. where do we get our medications, our WalMart inventory, and countless other things?

The fact is that the U.S doesn't have enough money to bail them out. Maybe we should consider rebuilding our industry, while we still have the materials to do it.

 

[HARK!]

I would say India. If they can get their social and internal problems in order.

I had considered that possibility.

 

[HARK!]

WalMart inventory

If Walmart fails; can no one fill that void with superior products?

 

[SavedByGrace3]

I would say India. If they can get their social and internal problems in order.

I had considered that possibility.

I prescribe to the idea that once a population reaches a certain density, nature begins to pull things apart. If true, that could work against India.

 

[HARK!]

I prescribe to the idea that once a population reaches a certain density, nature begins to pull things apart. If true, that could work against India.

China's housing bubble has been pulling nature apart.

 

[Torah Keeper]

China has the strongest economy and highest population in the world. I don't see China collapsing any time soon. As long as people buy MADE IN CHINA products, China prospers.

 

[HARK!]

China has the strongest economy and highest population in the world. I don't see China collapsing any time soon. As long as people buy MADE IN CHINA products, China prospers.

Japan once had the strongest economy in the world; and Americans continue to buy products which say MADE IN JAPAN. However when their housing bubble burst (a tiny bubble compared tho China's) ; it crippled their industry, in a way from which they have still not recovered from, 30 years ago. Back in their day, it was thought that they were going to take over the world.

 

[disciple Clint]

If Walmart fails; can no one fill that void with superior products?

That void was filled for years prior to WalMart when this nation could produce what it consumes.

 

[HARK!]

That void was filled for years prior to WalMart when this nation could produce what it consumes.

In those days the U.S. produced superior products. There was a time when the U.S. was by far the greatest exporter in the world. It was because we delivered superior products at a bargain. It brought us prosperity; and Ma and Pa shops excluded the need for us to visit Walmart to buy their junk.

 

[John Mullally]

China's housing bubble is already beginning to burst. Should this happen (and it would seem inevitable) ;this commentator explains how this will cause a chain reaction that will cripple China as a industrial nation. Who will fill the void?

A 60's Star Trek episode says that Ethiopia was that industrial nation.

 

[HARK!]

The Fed has concerns.

 

[Fantine]

Have you factored in things like robotics and 3D printers?

Countries no longer need to have huge, low-paid workforces to become manufacturing giants. With fewer and fewer workers needed for actual production, any country with a n excellent technology infrastructure could become a manufacturing giant.

3D printed homes are being erected in Africa.

A number of U.S. companies have curtailed their overseas operations to come home, but sadly, their return hasn't brought back the level of jobs people hoped for. "Made in USA" no longer necessarily means made by human workers in USA.

I also think that the next industrial giant will have to have the environmental infrastructure to do so safely and inexpensively. China can only keep up its minimal air quality by having regular factory closures when things get too bad. States like Georgia, California, and Arizona have experienced disastrous water shortages. The industrial leaders will have to figure out ways to do more with less, reduce, reuse, recycle.

Businesses will want to locate where there is reliable, plentiful, affordable energy that doesn't make cities uninhabitable.

The employees who will be working in manufacturing will need more education and better skills as technology becomes more complex.

The way I look at it, even the U.S. could become a manufacturing power again if we make it a priority.

 

[Bob Crowley]

China has the strongest economy and highest population in the world. I don't see China collapsing any time soon. As long as people buy MADE IN CHINA products, China prospers.

As their internal wealth increases, they'll become more immune to economic crashes as they have such a huge population base. If you've got a home market of 1.4 billion, you'd have your work cut out just supplying their requirements.

Their main problem will be getting raw materials.

I wouldn't write China off, or India for that matter. They'll be the two biggest industrial nations for some time, although the European hegemony isn't in the chicken feed category either.

The main risk to India is their volatile nuclear armed neighbour Pakistan.

 

[lismore]

A restored Roman Empire in Western Europe

 

[jayem]

In those days the U.S. produced superior products. There was a time when the U.S. was by far the greatest exporter in the world. It was because we delivered superior products at a bargain. It brought us prosperity; and Ma and Pa shops excluded the need for us to visit Walmart to buy their junk.

If you're talking about the 50s, that was a unique time and situation. The US was the only large, developed country with a broad industrial base that was still intact after WW2. For over a decade, we were the largest manufacturer and exporter of goods because we had no competition. Everyone else's industry had been largely demolished in the war. I doubt that we will ever again have a manufacturing economy. Our focus will be research and design. Let other countries make what we conceptualize and develop. We should be the world's #1 nation in intellectual capital--not in nuts and bolts and screwing parts together.

 

[disciple Clint]

If you're talking about the 50s, that was a unique time and situation. The US was the only large, developed country with a broad industrial base that was still intact after WW2. For over a decade, we were the largest manufacturer and exporter of goods because we had no competition. Everyone else's industry had been largely demolished in the war. I doubt that we will ever again have a manufacturing economy. Our focus will be research and design. Let other countries make what we conceptualize and develop. We should be the world's #1 nation in intellectual capital--not in nuts and bolts and screwing parts together.

We should be the world's #1 nation in intellectual capital--not in nuts and bolts and screwing parts together.

Have we learned nothing, have we not learned that when we depend on other nations for our finished products we are at their mercy. What if China elected to cutoff all our medications tomorrow, how many people would die? Why did we not have protective masks at the beginning of the pandemic, because they were being manufactured in China. Time to wake up, this is a matter of national security.